<img src=cid:_2_3CA1E5503D24A0140055381B00257911>
<br><font size=2 face="sans-serif">Mįlstofa ķ Hagfręšideild: High Yield
Monetary Policy - An Icelandic Currency Crash Course, Part III –</font>
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<br><font size=2 face="sans-serif">The collapse of Iceland's banking sector
in October 2008 was followed by a currency crash and capital controls.
It is commonly concluded that the currency crash was an inevitable result
of the banking sector collapse. But is that so? Was the currency
crash an inevitable result of the monetary policy conducted? Was
the monetary policy the root of the problem and the banking collapse only
triggering the inevitable?</font>
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<br><font size=2 face="sans-serif">Jón Helgi Egilsson er verkfręšingur
frį DTU og leggur stund į doktorsnįm ķ hagfręši undir leišsögn Gylfa Zoega</font>